In Buffalo-Cheektowaga, NY, Securities, Commodities, and Financial Services Sales Agents earn an average annual salary of $105,650. This figure is slightly below the national average of $110,380, indicating a localized compensation structure influenced by regional economic factors and industry demand within the area. While the nominal salary is competitive, understanding the local market dynamics is key.
Executive Summary
- Average Salary: $105,650 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $189,760.
- Outlook: The Buffalo-Cheektowaga area supports a robust local workforce of 2,390 professionals in this sector. With a Location Quotient of 1.47, the concentration of these roles is significantly higher than the national average, suggesting a strong and potentially growing demand for skilled financial sales agents within the region. This indicates a healthy job market with ample opportunities for both new entrants and experienced professionals.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Buffalo-Cheektowaga, NY earns-4.3%below the national average.
$50.8
$2,032
$8,804
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data for the last four years is not provided, it is reasonable to assume that salaries for Securities, Commodities, and Financial Services Sales Agents in Buffalo-Cheektowaga have experienced a positive growth trend, mirroring national patterns. Economic expansion, evolving market demands, and inflation typically drive salary increases in specialized financial roles over time.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Buffalo-Cheektowaga, NY
Career progression for Securities, Commodities, and Financial Services Sales Agents in Buffalo-Cheektowaga typically correlates with experience. Entry-level positions may start at a lower percentile of the salary range, while seasoned professionals with a proven track record and specialized expertise can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies substantial earning potential as one advances in their career.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $48,400 | $23.3 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $79,238 | $38.1 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $82,270 | $39.6 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $132,063 | $63.5 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $189,760 | $91.2 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$105,650
Gross Pay
Real Wage (Purchasing Power)
$105,650
Adjusted for COL (100)
The average annual salary of $105,650 in Buffalo-Cheektowaga, NY, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the salary is equivalent to the national standard, offering a stable financial environment for residents without the added pressure of higher or lower living expenses compared to the rest of the country.
Job Market Context
2,390
Total Jobs
4.497
Per 1K Jobs
1.47
Location Quotient
With a location quotient of 1.47, Buffalo-Cheektowaga, NY has a slightly higher-than-average concentration of Securities, Commodities, and Financial Services Sales Agents roles compared to the national norm.
The Location Quotient of 1.47 for Securities, Commodities, and Financial Services Sales Agents in Buffalo-Cheektowaga signifies a notable concentration of these professionals compared to the national average. This suggests that the Buffalo-Cheektowaga metropolitan area is a relatively strong market for this profession, potentially offering more specialized opportunities and a competitive environment for talent.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Rochester, NY Securities, Commodities, and Financial Services Sales Agents Salary | $97,590↓ 8% | 65 mi |
| Erie, PA Securities, Commodities, and Financial Services Sales Agents Salary | $76,530↓ 28% | 83 mi |
Comparing salaries near Buffalo-Cheektowaga, NY
Hiring Securities, Commodities, and Financial Services Sales Agentss?
Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Buffalo-Cheektowaga, NY?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Buffalo-Cheektowaga, NY is $105,650. This typically ranges from $48,400 for entry-level positions to $189,760 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Buffalo-Cheektowaga, NY is 4.3% lower than the national median of $110,380.
Is Buffalo-Cheektowaga, NY a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
Yes, with a caveat.The average salary of $105,650 is competitive, especially given the national average cost of living. However, it is slightly below the national average salary for the role, indicating that while lucrative, it may not reach the absolute peak earnings seen elsewhere.
Is Buffalo-Cheektowaga, NY a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Buffalo-Cheektowaga, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Buffalo-Cheektowaga, NY?
Some top paying nearby cities include Rochester, NY ($97,590) and Erie, PA.
How does the Buffalo-Cheektowaga salary compare to the national average?
The average salary of $105,650 in Buffalo-Cheektowaga is slightly lower than the national average of $110,380 for Securities, Commodities, and Financial Services Sales Agents.
What is the significance of the Location Quotient (LQ) in Buffalo-Cheektowaga?
An LQ of 1.47 indicates that Buffalo-Cheektowaga has 47% more Securities, Commodities, and Financial Services Sales Agents per worker than the national average, suggesting a higher concentration and potentially stronger demand for these roles locally.
Does the cost of living affect the salary in Buffalo-Cheektowaga?
No, the cost of living in Buffalo-Cheektowaga is exactly at the national average (100), meaning the $105,650 salary has purchasing power equivalent to the national average.
How many Securities, Commodities, and Financial Services Sales Agents are there in Buffalo-Cheektowaga?
There are approximately 2,390 Securities, Commodities, and Financial Services Sales Agents employed in the Buffalo-Cheektowaga, NY area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,390 employees in the Buffalo-Cheektowaga, NY area with a job density of 4.497 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Securities, Commodities, and Financial Services Sales Agents Salaries by State
Top Jobs in Buffalo-Cheektowaga, NY
- All Occupations Salary in Buffalo-Cheektowaga, NY
- Office and Administrative Support Occupations Salary in Buffalo-Cheektowaga, NY
- Food Preparation and Serving Related Occupations Salary in Buffalo-Cheektowaga, NY
- Sales and Related Occupations Salary in Buffalo-Cheektowaga, NY
- Transportation and Material Moving Occupations Salary in Buffalo-Cheektowaga, NY
- Healthcare Practitioners and Technical Occupations Salary in Buffalo-Cheektowaga, NY
- Educational Instruction and Library Occupations Salary in Buffalo-Cheektowaga, NY
- Production Occupations Salary in Buffalo-Cheektowaga, NY
- Business and Financial Operations Occupations Salary in Buffalo-Cheektowaga, NY
- Management Occupations Salary in Buffalo-Cheektowaga, NY
- Browse All Jobs in Buffalo-Cheektowaga, NY →
Semantic Salary Analysis for Securities, Commodities, and Financial Services Sales Agents • Data source: BLS OEWS 2024 •Jobs in Buffalo-Cheektowaga, NY